Free Republic
Browse · Search
General/Chat
Topics · Post Article


1 posted on 04/16/2018 9:50:17 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies ]


Navigation: use the links below to view more comments.
first 1-2021-24 next last
To: SeekAndFind

... And if you have investment properties that you are renting out to the right tenant at the right location, you might have assets worth more than a million as well.


2 posted on 04/16/2018 9:52:02 AM PDT by SeekAndFind
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

And these are our investments, our personal investments which we own.

I recall talk during the Obama years, of how the looming Social Security deficits could be covered if we could “borrow” or “merge” the 401k and IRA investments with the Social Security system.

The next time Democrats control both Congress and the White House, I expect this talk to be revived.


3 posted on 04/16/2018 9:54:54 AM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind
Best thing I ever did was get in on my employers 401(k) plan back in the 1980s. Didn't have a lot of disposable income in those days but I made enough of a contribution each paycheck to get the full match. Retirement back then seemed so far away and I was always tempted to pull back on it but I kept the discipline to keep paying in.

I don't lecture my adult sons all that much but this is the one thing I constantly nagged them about. When I finally showed them my balance, their eyes popped out of their heads and now they understand.

5 posted on 04/16/2018 9:59:03 AM PDT by SamAdams76
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

...and keep it quiet.

Many “millionaires” live quiet middle class lifestyles. If no one knows you have money you will not be subject to hard luck stories.

I have helped many in my extended family when there was a need but there was always only one string attached. Don’t tell anyone that I helped.


8 posted on 04/16/2018 10:00:52 AM PDT by CIB-173RDABN (US out of the UN, UN out of the US)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Er, what about your non-retirement accounts? I believe there are a few quite well-off guys out there.


11 posted on 04/16/2018 10:07:02 AM PDT by proxy_user
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Here we go again...

Most Americans have less than $1,000 in savings
Published: Dec 23, 2015 10:01 a.m. ET

Nearly 7 in 10 Americans Have Less Than $1,000 in Savings, New Study Shows, Sep 25, 2016 at 2:04PM

More Than Half of Americans Have Less Than $1,000 in Savings in 2017, September 12, 2017


12 posted on 04/16/2018 10:11:13 AM PDT by Garvin (Always remember folks, kill a commie for mommy ~ Semper Fi, Mac!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

The Baby Boomers were really hurt in 2008. Far too many of them were heavily invested in stocks because they were either late in starting, or greedy.

I have an uncle, and also my brother’s in-laws who have their entire retirement in some pretty risky “day trader” situations. Almost completely wiped out first in 2000, then risky going into 2007 to make up for that. And then...poof. They are retired and broke.

Putting it all into the stock market is never a good idea.


15 posted on 04/16/2018 10:18:51 AM PDT by Vermont Lt
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

An item costing .25 cents in 1958 will cost you $2.16 today.

A million today would be worth $116,000 in 1958.
To equal a million in 1958, you would need $8,700,000 today.

A Confederate dollar is worth more than a US dollar today.


16 posted on 04/16/2018 10:21:45 AM PDT by Ruy Dias de Bivar
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

150 k of 300 million as a whopping 0.05%

How many in the US have next to nothing saved.....


20 posted on 04/16/2018 10:26:07 AM PDT by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Start early.


Why do they always say that? Where did my time machine go, dammit? That old Delorean?


23 posted on 04/16/2018 10:27:09 AM PDT by Yaelle
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Too many rich...gots’ta kill some off! < /sarc >


24 posted on 04/16/2018 10:27:15 AM PDT by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Commie democrats will be campaigning to nationalize those retirement accounts. It’s not fair that some people work hard and save their money, it needs to be redistributed to those that don’t.

https://edworkforce.house.gov/news/documentsingle.aspx?DocumentID=190130

WASHINGTON, D.C. | May 4, 2010
As part of continued efforts to safeguard Americans’ retirement savings, members of the House GOP Savings Recovery Solutions Group wrote to Labor Secretary Hilda Solis and Treasury Secretary Timothy Geithner to oppose proposals that would jeopardize workers’ hard-earned retirement savings by undermining or nationalizing individual 401(k) retirement savings plans.


32 posted on 04/16/2018 10:40:28 AM PDT by Rusty0604
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind
This is both bad news and good news

The good news is obvious but the bad news is ominous

The bad news is there are also record numbers of Americans who have less than one months savings for retirement and are living pretty month to month and many often have negative net worths due to credit cards or other forms of debt.

A further signal that America is migrating to the Third World model of a small, well off upper class, a depleted middle class and a large underclass of traditional poor and the increasingly marginalized ex members of the middle class falling into the marginalized category as the government sanction destruction of the middle class continues to take it's toll

46 posted on 04/16/2018 10:53:32 AM PDT by rdcbn
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind
This is both bad news and good news

The good news is obvious but the bad news is ominous

The bad news is there are also record numbers of Americans who have less than one months savings for retirement and are living pretty month to month and many often have negative net worths due to credit cards or other forms of debt.

A further signal that America is migrating to the Third World model of a small, well off upper class, a depleted middle class and a large underclass of traditional poor and the increasingly marginalized ex members of the middle class falling into the marginalized category as the government sanction destruction of the middle class continues to take it's toll

47 posted on 04/16/2018 10:54:25 AM PDT by rdcbn
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Here is another point to make

- Don’t marry a crazy ass bitch who will take you retirement savings in total or she will file a fake “Restraining Order” against you if you don’t do what she says.

I had to basically start over saving for retirement in my mid 40’s.


52 posted on 04/16/2018 11:06:42 AM PDT by CapnJack
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Not this retired American.


53 posted on 04/16/2018 11:07:08 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind
More Americans Than Ever Have $1 Million In Assets Or More

I'd say the Feds have a claim on at least 20-25% of those "millions".

61 posted on 04/16/2018 11:25:54 AM PDT by bkopto
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Every 10th adult in Singapore is a millionaire.


79 posted on 04/16/2018 12:03:50 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind
The number of people with 401(k) balances of at least $1 million hit a record 150,000 at the end of 2017 in plans run by Fidelity Investments.

People with accounts at Fidelity are by defination savers. 2017 was a great year for stocks, so of course records were set in balances. How do the stats look for the rest of the population?

81 posted on 04/16/2018 12:08:43 PM PDT by Cementjungle
[ Post Reply | Private Reply | To 1 | View Replies ]

To: SeekAndFind

Think daughter’s one of those whose savings have grown large - gave her some money in a Fidelity mutual fund account when she graduated high school - got her interested and started early.....


89 posted on 04/16/2018 1:49:51 PM PDT by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies ]


Navigation: use the links below to view more comments.
first 1-2021-24 next last

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson